This commercial property has endless possibilities with a unique layout that could be renovated to cater to various business needs. Main Street Access: The property boasts a prime location with direct frontage on a bustling main street, ensuring high visibility and foot traffic. This prominent position provides an excellent opportunity for branding and attracting customers. Dividable Space: With a layout that allows for division, this property has flexibility for businesses of different sizes or those seeking to partition the space for various purposes. Whether it's separate retail sections, offices, or versatile workspaces, the property can accommodate diverse needs. Additional office space is included with an additional building fronting Main Street that has one bathroom and approximately 1, 000+/-square ft. . Back Door or Side Street Access: Additionally, the property provides convenience and accessibility with its back door, side street entrance connecting with W. Highland Ave. This secondary access point has logistical advantages such as loading/unloading facilities, employee entrances, or discreet customer access, enhancing operational efficiency and customer experience. Ample Parking and Amenities: Depending on its size and configuration, the property may provide sufficient parking space for customers and employees, enhancing convenience and accessibility. Sold As-Is, Where-Is.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $220,000 | $220,000 | $220,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | $375 | $375 | $375 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,501 | $1,462 | $1,886 |
Total Monthly Payment | $1,951 | $1,912 | $2,336 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.